Why This Gold Level Matters Now More Than Ever - Dollar Slide, The Fed, and Risk | Gary Wagner
Kitco NEWS
Gold surged 33% since December, briefly pierced $3,500, and is now consolidating above $3,300. But veteran analyst Gary Wagner says this isn’t a typical rally - calling it “more than significant,” with technical signals that point to persistent underlying strength.
In this Kitco News interview, Gary Wagner, Editor of TheGoldForecast.com, joins Anchor Jeremy Szafron to chart gold’s recent move, decode the signals behind repeated buyer absorption at $3,300, and explain why this run may not be done. Wagner breaks down historical parallels, why the dollar only explains part of gold’s rise, and why inflation, tariffs, and Fed indecision could keep the rally intact.
Wagner also reveals the key Fibonacci levels he’s watching, what daily candlesticks suggest about momentum, and what would invalidate the bullish thesis. Is $3,600 next? Or is this a classic summer stall before a year-end breakout?
Key topics:
– Why Gary Wagner says this rally is “more than significant”
– Technical signals behind $3,300 as strong support
– How this move compares to past gold surges
– Why only 10% of the gain is from the falling dollar
– Lower wicks, smaller bodies: what the candles are telling us
– Why traders are buying dips—and not selling strength
– How tariffs and slower growth are lifting gold
– Next targets: $3,440… $3,600… or a reset?
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Follow Gary Wagner on X: @garyswagner (https://twitter.com/garyswagner)
00:00 Introduction
00:02 Gold's Recent Performance and Market Drivers
01:33 Interview with Gary Wagner: Technical Analysis
06:27 Gold's Relationship with the Dollar and Market Trends
14:27 Future Outlook and Key Indicators
17:21 Conclusion
Gold #GaryWagner #KitcoNews #GoldPrice #TechnicalAnalysis #Tariffs #Fibonacci #Inflation #SafeHaven #Fed #Dollar #Macro #Trading #Commodities #JeremySzafron #GoldForecast
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